Press release
Europe Sustainable Biopolymers Market Dynamics and Strategic Forecast 2024 - 2031 | BASF SE, Novamont S.p.A., Corbion, Biomer
Europe Sustainable Biopolymers Market
The Europe sustainable biopolymers market is estimated to be valued at USD 2.10 Bn in 2024 and is expected to reach USD 3.63 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 8.1% from 2024 to 2031.
Market Dynamics:
The Europe sustainable biopolymers market is driven by increasing government support and regulations for reducing plastic usage. Several European countries have either proposed or implemented bans on single-use plastics due to concerns over plastic pollution and its impact on environment. For instance, European Union has imposed a ban on various single-use plastic products starting July 2022. Furthermore, governments across Europe offer subsidies to boost production of bioplastics from renewable resources as an alternative to plastics. Additionally, growing consumer preference for eco-friendly products is also fueling demand for sustainable biopolymers in various industries such as packaging, textiles, consumer goods etc.
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Europe Sustainable Biopolymers Market Drivers
Increasing Awareness of Biodegradability and Sustainability Among Consumers is Driving Market Growth
Consumers across Europe have grown increasingly aware of the impact of plastics on the environment in recent years. Strict regulations and efforts to ban single-use plastics have highlighted the need for sustainable alternatives. Biopolymers are attractive to consumers as they are produced from renewable biomass sources like corn or sugarcane rather than fossil fuels, and are biodegradable. Their use allows consumers to reduce their environmental footprint and make greener choices. Various surveys have shown rising willingness among Europeans to pay slightly more for eco-friendly products, offering biopolymer producers a market incentive to scale up production.
Europe Sustainable Biopolymers Market Opportunity
Growing Demand from Packaging Industry Presents Lucrative Market Opportunity
The packaging sector accounts for nearly half of bioplastic consumption in Europe currently. Rising environmental concern and compulsory rules have compelled packaging manufacturers to pivot towards sustainable materials. Properties like biodegradability make biopolymers suitable for packaging numerous FMCG and agricultural products. The on-the-go food and beverage culture also increases demand for biopolymer-based flexible packaging, cups and cutlery. Moreover, major European retail chains have announced plans to move their entire private label packaging to recyclable or compostable materials by 2025, signaling exponential future opportunities.
Europe Sustainable Biopolymers Market Trends
Increasing Investments in Research of Novel Biopolymers Will Drive Advancements
While PLA, PBS and starch blends are common biopolymers today, extensive R&D is exploring a wider range of sustainable sourced polymers. Academic institutions and companies are experimenting with biopolymer extractions from agricultural residues and algae. Bio-nylon and polylactic acid developed from sugar are examples. Investments in characterization and processing techniques will support commercialization of these novel bioplastics. As new biopolymers matching physical profiles of traditional plastics emerge, higher acceptance across rigid applications like automotive and electronics can be expected. The evolving research landscape promotes a trend of improved functionality, driving the overall Europe biopolymer market expansion.
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Top Companies Featured in This Report:
• BASF SE
• Novamont S.p.A.
• Corbion
• Biomer
• Mitsubishi Chemical Corporation
• Braskem
• Solvay SA
• Stora Enso
• Natureplast
• FKuR Kunststoff GmbH
• Plantic Technologies
• Danimer Scientific
• Biotec GmbH & Co. KG
• Linotech GmbH & Co. KG
• Kaneka Belgium N.V.
Market Segmentation:
By Product Type:
• By Material Type: Bio-based Polyethylene, Bio-based Polypropylene (Bio-PP) , Polylactic Acid (PLA) , Polyhydroxyalkanoates (PHA) , Bio-based Polyethylene Terephthalate (Bio-PET) , and Others
By Applications:
• By Application: Packaging , Agriculture & Horticulture , Textiles , Automotive , Electronics , and Others
Key Regions/Countries Classified as Follows:
» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
Key Inquiries Addressed in this Report include:
📈 What was the size of the Europe Sustainable Biopolymers Market in 2024, and what is the projected value by 2031?
📈 What is the present global market landscape for the Europe Sustainable Biopolymers Market?
📈 What strategies offer optimal opportunities for growth maximization in the business?
📈 What recent trends are shaping the Europe Sustainable Biopolymers Market?
📈 How does the market share of Europe Sustainable Biopolymers Market revenue, sales, and size vary across specific geographical regions?
📈 Who are the prominent industry players in the Europe Sustainable Biopolymers Market?
📈 Which segment of the Europe Sustainable Biopolymers Market is experiencing heightened demand?
The report also delves into the competitive landscape, key players, trade patterns, industry value chain, recent news, policies, and regulations. Should you have any inquiries or require customization options, please don't hesitate to contact us.
In summary, whether you're engaged in manufacturing, distribution, or investment within the Europe Sustainable Biopolymers sector, this report furnishes invaluable insights into market segments, drivers, challenges, investment prospects, regional dynamics, major players, growth strategies, prevailing trends, and hurdles influencing the industry's expansion.
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Author Bio:
Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement.
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Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
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